Good Morning and Happy Monday from Cumberland APAC! Last week, Cumberland attended Blockworks’ Digital Asset Summit in London; this conference is primarily institutional, a place where one says “digital assets” or even “DLT” rather than “crypto”, and we wanted to use this space to share some of the themes we heard in London.

• There was a prominent focus on Tokenized Money Funds, money-market funds which are tokenized on public blockchains. The headline of the week was Blackrock’s announcement of partnering with Securitize to launch a tokenized fund, BUIDL, on Ethereum Mainnet. This is the most prominent move by a TradFi issuer that will take place on a public blockchain. I participated in a panel with Leo Mizuhara from Hashnote, where we...